By Aparna Chennapragada, Guest Author There is near-unanimous agreement on the ‘India story’ (at least in direction, even if there is disagreement in magnitude). Given the role of high-tech entrepreneurship in wealth and job creation, it is not surprising that there is growing interest in entrepreneurship and technology innovation in India.
Sujai Karampuri sent me his recent piece, Ground realities from a technology product company in India . Sujai’s company Sloka Telecom is building Wimax base stations, and recently, they have won an important validation in France at Saint Medard en Jalles (5.8 GHz Wimax deployment). I know that Sujai is pounding the doors of the
SM: How would that work? The doctor’s office has to buy the Polycom suite? BH: The best example I have seen is Escorts Hospital in India. There, the population is not served well in rural areas. They have outreach clinics and they have our device in a regional center. People will come into the regional
Someone posed this very appropriate question in response to my Incubator Fund series. The answer is No. However, what we need is two things:
My first experience of technology entrepreneurship in India was in 1994 while I was still a grad student at MIT. The most vivid memory I have of that experience is that it took me 6 months to get a phone line. It was before wireless. It was, most certainly, before venture capital in India. Things
This is going to be the last segment for this series on Incubators in India, and it tackles the key to making such incubators work. We have said, that we need concept engineering, engineering management, product marketing, sales, biz dev, legal and financial talent in the incubator management team. I am going to, therefore, propose
Typically, venture funds pay out 2-3% of the capital in annual management fees, and offer 20-30% in carry (profit sharing). So, let’s look at the table below of various fund sizes, and what those numbers amount to:
Okay, so we are talking about designing an incubator that will give entrepreneurs access to concept engineering, engineering management, product marketing, sales, biz dev, legal and financial talent and resources that is well beyond what a small startup could ever dream of attracting. This definitely is starting to sound too good to be true! Wait,